3 Changes to Social Security You Probably Didn't Know About
Social Security has long been considered one of the pillars of a safe retirement. Along with pension income and a healthy nest egg, the program can be expected to cover at least a portion of your retirement costs. However, recent changes to Social Security have made the proposition a bit more tenuous. Future retirees will need to maximize each of those three sources of retirement income to ensure they're covered throughout their golden years.
Here, we'll look at three changes to Social Security you probably didn't know about.
In the most recent update from the Social Security Administration, the outlook for its combined trust fund is said to have worsened since 2020. The combined fund is made up of two separate trusts: the OASI Trust Fund (for Old-Age and Survivors' Insurance) and the DI Trust Fund (for Disability Insurance).
Source Fool.com
